Basic Economics
Instructor Ishida Mitsunari
Academic Year 2023Class Code XM22083101 Numbering code
Year of Study 1~3 Type of Class Lecture Type of Conduction
Schedule Tue6,Spring Campus OOTEMACHI Room Seminar room
Credit 2 Main Language Japanese Courses by instructors with practical experience
Subject category
Class frequency
Department for enrollment
【Sub-title】

 Thinking about the role of market and government

【Course Purpose and Description】

 The question of how the roles of providing public services should be divided between the government sector and the private sector is an important topic in the theory of PPP. In this course, we will learn from a microeconomic perspective when the government sector should be involved or intervene (provision of public services and implementation of various regulations) in the market economy as a preparatory step for studying the theory of PPP in detail.

【Learning Objectives】

 The goal of this course is to enable students to understand the effects of government's involvement or intervention using the basic concepts of microeconomics.

【Schedule】

Week 1: Guidance
Week 2: Basics of economic mathematics
Week 3: Perspectives on Economics (1)
Week 4: Perspectives on Economics (2)
Week 5: Derivation of demand and supply curves (1)
Week 6: Derivation of demand and supply curves (2)
Week 7: Market equilibrium and welfare analysis (1)
Week 8: Market equilibrium and welfare analysis (1)
Week 9: Market failure -externality- (1)
Week 10: Market failure -externality- (2)
Week 11: Market failure -public goods-
Week 12: Market failure -monopoly- (1)
Week 13: Market failure -monopoly- (2)
Week 14: Game theory (1)
Week 15: Game theory (2)

【Instructional Methods】

 This lecture will be conducted basically in a lecture style, but will include occasional discussions. The handouts (PDF or Power Point) will be posted on ToyoNet-Ace before the lecture, so please download them in advance.

【Self-study before/after classes】

 Before the lecture, you should read through the handouts and read the relevant chapters in the reference book (about 60 minutes). After each lecture, students should review the lecture materials and complete the homework assignments if assigned (about 30 minutes).

【Methods of Evaluation and Grading Criteria】

 Grade is based on the score of the final exam according to Toyo University's grade evaluation standards.

【Pre-requisites】

 PPP students only. Knowledge of mathematics studied at the first or second grade in high school is desirable.

【Textbooks】

 None

【Reference Materials】

 Hatta, T. (2013) Microeconomics expressway (Japanese title: ミクロ経済学 Expressway), Toyo Keizai Inc., 2,800 JPY (tax excluded).
 Kandori, M. (2014) Microeconomics (Japanese title: ミクロ経済学の力), Nippon Hyoron Sha Co., Ltd., 3,200 JPY (tax excluded).
 Oyama, D. and Yasuda, Y. (2013) Mathematics in Economics: A proper approach from high school mathematics (Japanese title: 経済学で出る数学 高校数学からきちんと攻める), Nippon Hyoron Sha Co., Ltd., 2,100 JPY (tax excluded).

【Related Study Fields and Courses】

 

【Notes】

 Questions will be accepted in the lecture and by email.

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